Energy Mad narrows annual loss in drive to cut costs, auditor tags accounts

Tue, 26 May 2015

By Paul McBeth May 27 (BusinessDesk) - Energy Mad, the unprofitable lightbulb maker which counts NZX's SuperLife as its biggest shareholder, narrowed its annual loss in the 2015 financial year after stripping out costs, although the accounts were still tagged by the company's auditor over its ability to generate cash. The Christchurch-based company reported a net loss of $3.2 million, or 7 cents per share, compared to a loss of $5.7 million, or 13 cents, a year earlier, it said in a statement. The year-earlier loss included a $1.4 million...

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